CNNMoney: Obama names new top economic adviser
President Obama on Monday nominated Alan Krueger to run his Council of Economic Advisers, moving to fill an important vacancy on an economic team that has undergone a nearly total makeover. …The appointment comes at a critical time for the administration. Obama is planning to make a much-anticipated speech next week to propose ways Washington could help the fragile recovery.

CNN Poll: Perry sits atop GOP field
According to a CNN/ORC International Poll of Republicans and independent voters who lean towards the GOP, Perry now sits atop the list of Republican presidential candidates, with strong support from most demographic groups.

CNN: Is deficit fever a political disaster in the making?
Republican presidential candidate Michele Bachmann joked at a campaign event in Florida that the disaster was a sign from God that federal spending was out of control. …But there's a serious side to the congresswoman's comments. Budget-cutting fever could have a serious impact on how Washington responds to current and future disasters.

CNN: Arduous recovery awaits parts of East Coast after Irene
Swaths of the Northeast still submerged under water face an arduous recovery as hundreds of homes remain clogged with mud and crushed roads isolate deluged communities. …At least 27 deaths in nine states have been blamed on the storm known as Irene, with one person from Vermont still missing and feared dead.

CNN: Judge temporarily blocks tough Alabama immigration law
A federal judge temporarily blocked enforcement of a tough immigration law in Alabama on Monday. Opponents of the measure - including state church leaders, the U.S. Justice Department and the American Civil Liberties Union– had asked U.S. Judge Sharon Lovelace Blackburn to stop the law, which was scheduled to go into effect Thursday.

Bloomberg: Multigenerational Homes Surge in U.S.
The U.S. is experiencing a surge in the multigenerational households that were once a common feature of American life, and Hispanic and Asian families are driving the trend, according to U.S. Census Bureau data released this month. The number of such households, defined as those with three or more generations living under one roof, grew to almost 5.1 million in 2010, a 30 percent increase from 3.9 million in 2000, the data show.

CNN: Gadhafi family members in Algeria, ambassador says
The wife of fugitive Libyan leader Moammar Gadhafi, three of his children and some of his grandchildren arrived in Algeria on Monday morning, Algerian diplomats said. …The ambassador said he did not know whether Moammar Gadhafi was expected to seek entry into Algeria and claimed none of the Gadhafis were subject to U.N. Security Council sanctions.

CNN: Turkey: No confidence in Syrian government
Syria's ferocious crackdown against demonstrators persisted on Monday, but its tough actions against civilians are shattering its once-close relations with neighboring Turkey. …Turkish President Abdullah Gul said his country has "lost its confidence" in Syria's Bashar al-Assad regime, the latest setback for the much-reviled Arab government.

CNN: Five suspects arrested in Mexican casino torching
Five gang members have confessed to involvement in last week's torching of a casino in Monterrey in which 52 people were killed, Nuevo Leon Gov. Rodrigo Medina de la Cruz told reporters Monday. The five are members of Los Zetas and carried out the attack because the owners of the casino had not complied with their extortion demands, Medina de la Cruz said, according to the state-run Notimex News Agency.

CNN: U.N. warns on mutant strain of bird flu virus
The United Nations warned Monday of a possible resurgence of the deadly avian flu virus, saying there are indications a mutant strain may be spreading in Asia. …Circulation of the virus in Vietnam threatens Thailand, Malaysia, Cambodia, Japan and the Korean peninsula, the [Food and Agriculture Organization] said.

CNNMoney: Stocks rally in wake of hurricane
Stocks rallied Monday, following a trifecta of positive news: A Greek bank deal, a solid U.S. consumer spending report and relief that Hurricane Irene caused less damage than expected. …Despite the recent strength - stocks staged a solid advance last week - the major indexes are still in the red for the year.

CNNMoney: Americans spend more in July
After holding back the month before, American consumers spent their hard-earned money a bit more freely in July. Personal spending rose $88.4 billion, or 0.8% in July, after falling 0.1% in June, the Commerce Department reported Monday.

Wall Street Journal: BofA Cashes Its China Chips
Bank of America Corp. Chief Executive Brian Moynihan bought himself some breathing room as the bank agreed to sell more than $8 billion of China Construction Bank Corp. stock, its second multibillion-dollar deal in a week.

soundoff(2 Responses)

I hope America sees the folly and selfish ignorance of the far right's budget cuts to FEMA and other discretionary spending. It's costing lives and livelihoods.

August 30, 2011 09:42 am at 9:42 am |

Gino Martell

I find it difficult to understand why the media only waants to talk about the same folks What about the former governor of UT? Or any of the other candidates? Equal time please. No more Palin or Perry. Enough already.